XML 38 R25.htm IDEA: XBRL DOCUMENT v3.20.2
Capital (Tables)
 9 Months Ended
Sep. 30, 2020
Banking Regulation, Total Capital [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The following table demonstrates the Bank’s compliance with the regulatory capital requirements at September 30, 2020 and December 31, 2019.
 September 30, 2020December 31, 2019
(dollars in thousands)RequiredActualRequiredActual
Regulatory capital requirements:    
RBC$506,766 $3,454,571 $610,573 $4,724,586 
Total capital-to-asset ratio4.0 %5.7 %4.0 %4.9 %
Total regulatory capital2,417,731 3,454,571 3,828,965 4,724,586 
Leverage ratio5.0 %8.6 %5.0 %7.4 %
Leverage capital3,022,164 5,181,857 4,786,206 7,086,879 
Schedule of Dividends Paid [Table Text Block] Dividends paid through the third quarter of 2020 and 2019 are presented in the table below.
Dividend - Annual Yield
20202019
MembershipActivityMembershipActivity
February4.50 %7.75 %4.50 %7.75 %
April3.00 %6.25 %4.50 %7.75 %
July3.00 %6.25 %4.50 %7.75 %
Schedule of Mandatorily Redeemable Capital Stock by Maturity Date
The following table provides the related dollar amounts for activities recorded in mandatorily redeemable capital stock during the nine months ended September 30, 2020 and 2019.
 Nine months ended September 30,
(in thousands)20202019
Balance, beginning of the period$343,575 $24,099 
Capital stock subject to mandatory redemption reclassified from capital39,457 361,117 
Redemption/repurchase of mandatorily redeemable stock(159,980)(41,505)
Balance, end of the period$223,052 $343,711 
The following table shows the amount of mandatorily redeemable capital stock by contractual year of redemption at September 30, 2020 and December 31, 2019.
(in thousands)September 30, 2020December 31, 2019
Due in 1 year or less$— $3,316 
Due after 1 year through 2 years— — 
Due after 2 years through 3 years20,021 21 
Due after 3 years through 4 years200,000 20,000 
Due after 4 years through 5 years19 320,000 
Past contractual redemption date due to remaining activity3,012 238 
Total$223,052 $343,575 
Schedule of Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in AOCI for the three and nine months ended September 30, 2020 and 2019.
(in thousands)Net Unrealized Gains(Losses) on AFSNon-credit OTTI Gains(Losses) on AFSNet Unrealized Gains (Losses) on Hedging ActivitiesPension and Post-Retirement PlansTotal
June 30, 2019$55,105 $60,689 $161 $(1,839)$114,116 
Other comprehensive income (loss) before reclassification:
Net unrealized gains (losses)(5,595)(4,880)— — (10,475)
Non-credit OTTI to credit OTTI— 271 — — 271 
Amortization on hedging activities— — (10)— (10)
Pension and post-retirement— — — 106 106 
September 30, 2019$49,510 $56,080 $151 $(1,733)$104,008 
June 30, 2020$118,049 $— $— $(4,145)$113,904 
Other comprehensive income (loss) before reclassification:
Net unrealized gains (losses)26,384 — — — 26,384 
Pension and post-retirement— — — 171 171 
September 30, 2020$144,433 $— $— $(3,974)$140,459 
December 31, 2018$9,887 $65,133 $176 $(2,050)$73,146 
Other comprehensive income (loss) before reclassification:
Net unrealized gains (losses)39,623 (9,383)— — 30,240 
Noncredit OTTI to credit OTTI— 330 — — 330 
Amortization on hedging activities— — (25)— (25)
Pension and post-retirement— — — 317 317 
September 30, 2019$49,510 $56,080 $151 $(1,733)$104,008 
December 31, 2019$45,155 $51,704 $149 $(5,182)$91,826 
Other comprehensive income (loss) before reclassification:
Adoption of ASU 2016-13 51,704 (51,704)— — — 
Net unrealized gains (losses)47,574 — — — 47,574 
Amortization on hedging activities— — (149)— (149)
Pension and post-retirement— — — 1,208 1,208 
September 30, 2020$144,433 $— $— $(3,974)$140,459